parcel:
... (real
estate parcel) a real estate tract or plot legally
defined by metes
and bounds.
participant:
... a person actively engaged as opposed
to being an observer. For example, a participant in the
mission
of The
Network. There are three things that
anyone interested in joining in on the
mission needs to know. Review
of the three things makes
clear the reason why we (who
we are) urge users
of The Network towards participation rather
than passive observation.
peak performance:
... an attitude carried out in practice that
has self-motivation and goal orientation as two of its
distinguishing features. It's wrong to refer to a peak
performer as a workaholic. The latter can be identified
by a focus on busy-work whereas the peak performer sets
goals and adjusts priorities see How
Peak Performers Differ From Workaholics, Charles
Garfield.
performance based management:
... the handling, directing, or controlling of
employees based on measuring how successful they are in
performing tasks or assignments. Goals are set for them
and rewards are based on individual achievement. Numerous
terms move in and out of fashion related to performance-based
management, all related to ongoing efforts to raise performance
to the maximum and control costs by rewarding individual
workers based on contributionsee productivity.
performance/process improvement:
... actions taken to increase productivity, for
example by pursuit of excellence;
an economic
development tool when used in specific situations
that result in retention, expansion and investment in a location;
a jobs retention tool when successfully applied within
a enterprise of value to a community having an economic
development best practices program in place.
performance stepchange:
... a
highly focused approach to teaching or coaching for performance
improvement that combines state-of-the-art methods
and computer monitoring of productivity and customer
reactions. A trademark for computer monitoring software
used to support a stepped approach to making changes
for process improvement or
using performance-based management.
personal contact:
... the technique of business
networking that brings two people together
for the purpose of building or maintaining a relationship;
precursor to a networking dialogue.
personal webpage:
... a online document
presenting information about an individual and having its
own unique URL
address string. A personal webpage shows contact
data or a link to it and can be a tool for networking if
not allow to be a latent form of promotion, i.e., if the
contact it represents keeps it overtly available
to those with whom he or she
wants
to
build and maintain working relationships. Eight
Essentials for Successful Networking is a guide
designed specifically for those who aim to use the personal
webpage as an effective business
development tool. The
Network offers a personal
webpage program for resource
and service providers engaged in enterprise and economic
development throughout the worldsee
its mission statement.
Peter Principal:
... a principal set forth by Laurence Johnston
Peter (1919-1990) stating that people rise through the
employee ranks until they reach a level of incompetence.
The parodical term Peter-Out
Principal was more recently defined in the book Free
Agent Nation.
phishing:
... the act of misusing an email address or similar
identity for the purposes of perpetrating a prank, scam
or other cybercrime.
place:
... a point of reference on a map or
found in an atlas; a place
of interest targeted
when a business
decision maker pointing to a map makes a
statement similar to the following in regards to an expansion,
relocation or new
venture startup: This is the
area where we need to find a location for
our site
selection project. The Enterprise
and Economic Development Library has a map room which
offers resources for finding places
of interest that should
be listed in The Network along with their location
data suppliers it's easy
to suggest that a place,
anywhere, that you are interested in
be listed. Read how location
identities are suggested for
publication in the Area
Development Section of Economic Development.net where
they become resources for site
selectors and other users
of The Network.
place seeking economic development:
... a location as
defined in this
enterprise and economic development glossary. Economic
development has many definitions. CLICK
HERE, if you would like
review definitions in a collection where, altogether,
they contain
the essential keywords for answering the question of what
economic development is. Also, the keywords
are organized in a section of the Enterprise
and Economic Development Library for your review.
Typically, locations seeking economic development in effect
create definitions to suite their specific purposes. Smart
places organize their efforts
around a best
practice approach, recognizing that they should have
official contact points for prospects to
gather location
data. Two resource files
of
The Network that may
be worth reviewing in that regard are (1) about the various
categories
of location data of interest to prospects and
(2) about the types
of location data suppliers that help
promote and distribute information.
planned community development:
... a
place for people and a sustainable economy laid out
in advance of its occupancy; a new
town resulting from a project for improving real
estate so that a residential combined with a commercial and,
sometimes industrial market,
can be accommodated. Planned community development efforts
are usually government controlled so that land for infrastructure
such as schools, supporting utilities and public
services is set aside. Government may also oversee
environmental protection, for example requiring the setting
aside of green spaces. For more information
see Planned
Communities / New Towns (George
Mason University Libraries).
plant site:
... an industrial site;
location of a manufacturing or processing plant; real estate
under consideration for the location of an industrial operation.
For example, the expression Plant Site Locators (see PSL)
was used in the 1990s to identify a site selection service
somewhat similar to that of the
Site
Selection Directory, but not free and open online as
is the case with the latter. PSL
no longer exists. The Site Selection Directory is not limited
to industrial site searches.
PSL
... initials that stood for Plant
Site Locators. A service that brokered information
about plant
site location projects to places that wanted economic
development prospects.
post:
... to publish something, for example, to post an
announcement of an economic
development project and site
selection criteria online. The posting of such a notice
in the Site
Selection Directory is a free service offered to economic
development prospects by The Network.
power / power cost:
... energy used in the operations of an enterprise. Power
cost or energy cost are categories of location
data. Enterprise
developers and site
selectors want to know what the cost of power will
be in a location. CLICK
HERE for an example of the power cost used by a data
broker or copy
and paste the following italicized words in the search
box below. Select
the search button. Substitute the name of a place
of interest to you for the word location inside the quotation
marks. Search the Web for ... site
selection power cost "location"
pre-employment training:
... training provided before employment in order
qualify a potential worker for a job. When used for
labor screening it offers the advantage of lessening
the risk
of mismatch which makes pre-employment training exceedingly
more practical than OJT (On-the-Job-Training).
pro-business:
... an attitude that supports enterprise
development; an attitude that a place seeking
economic
development should have which is reflected
by such incentives as right-to-work and
tax laws; a category of location
data that makes a
statement about the business
environment in an area,
for example, the term may be used as a header in a
community
profile under which is listed things that
make the place attractive
to enterprise
developers.
process-based management:
... the handling, directing, or controlling of
operations, actions, or a series of systematic changes
by continuously assessing, analyzing, and improving them.
production skills:
... the demonstrated proficiency, facility, or
dexterity of a worker or group which leads to a measurable
productivity level; the abilities necessary within a workforce in order for it to produce certain goods or services;
an attribute within a labor
pool that attracts the attention
of a potential employer, say, an economic
development prospect;
productivity
skills.
productivity:
... output determined after taking input into
account during production which is the ability to create,
furnish or supply something that has an exchange value;
therefore, it is the power to produce at a rate that can
be anticipated, set, or measured. Workforce productivity
is an extension of the power of individuals. Work ethic
(a dedication to quality production combined with an
appreciation for having specific and individual
opportunities to engage in work) is a factor
in productivitysee voice
of the customer. Assumptions about the work ethic
in a location impact
economic developmentsee
the definition of pro-business.
profile:
... a brief that summarizes information
about something or presents its distinctive
features or characteristics; a community
profile; an introduction, such as a scope
of project, that
provides enough information so that its reader is
able to understand what it covers or what is to follow
and make a decision about proceeding; a narrative that
is a cover synopsis.
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what is the best way go about
gathering as well as presenting information
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profiling:
... a research or investigative technique for
determining group characteristics and using them to reduce
the number of selection optionssee
the definition of location
profiling.
project:
... an undertaking preceded by planning
and documented by a Scope
Of Project (SOP) or profile. Proper
documentation facilitates communications with resource
and service providers as well as the collection
of information for making project
management decisions. Those
who participate in the mission
of The Network are involved in enterprise
development projects, site
selection projects, and economic
development projects.
project announcement:
... a profile with
delineation of wants and needs published or otherwise placed
before the eyes
of resource and service providers with the intent to they
should respond. For example, a project announcement of
a search for a location published in the Site Selection
Directory in order to request information for a project.
A project announcement may also be used to inform the public
of something significant that happens during the course
of an enterprise development project. For example, a chamber
of commerce may announce that a company has chosen its
community as the site of an operation that will create
a number of new jobs.
project criteria ... see project
specifications.
project profile:
... a summary or scope
of a project offered as an introduction; an
announcement provided to area
and local development contacts by a site
selector covering his request for
information and/or assistance; a brief overview covering
a set of specifications or selection
criteria used
to get the attention or resource
and service providers from
whom information and proposals are wanted: Effective
communicators announce their projects in ways that
get the attention of contacts so
that they are motivated to respond in a timely manner (source
of quote). A project profile published in the
Site
Selection Directory is the essence of an announcement
intended to draw the attention of resource
and service providers engaged in the mission of The
Network and seek their response.
project scope / scope of project:
... the full range of what is needed and wanted
to take a project to its conclusionmore.
project specifications:
... specs;
documentation of requirements for taking a project to
successful conclusion.
Selecting the last link in the previous sentence will take
you to information in the
resource archive of the Enterprise
and Economic Development Library about how
projects begin and end. The information includes suggestions
of three
stages of a project broadly presented.
PSF ... Project Specifications Form. See
project specifications defined above.
project status:
... where things stand with a project. For
simplicity's sake members of
the target
audience of The
Network are offered three
project phases to
consider using when communicating with resource
and service providers, especially with those who
are location
data suppliers.
profit:
... the remainder after the total cost of doing
business is calculated and subtracted; value that is clear
of all costs; i.e., clear profit. An economic profit
is the return a business makes on invested capital, minus
the cost of capital, times the amount of invested capitalsource.
promise of The Network
... the .network search
promise, a commitment
to provide personal search assistance for free when requested
to do so by those who choose to join in on the mission
of The Network.
property ... real
property, that which is owned
and deemed to have value.
property assets:
... items of economic value that can
be converted to cash which are classified as real
estate; physical
valuables ( real
property) such as
land and buildings or facilities. A
manager of property assets for an enterprise may
carry a title such as corporate real estate director. See
the
definitions of corporate management and corporate
real estate executive.
prospect:
WordNet defines
a prospect as a candidate.
Within The
Network prospects are defined as being among those
who are members
of its target audienceenterprise
developers or site
selectors. An economic
development prospect is a person who visits
and kicks
the tires in a location according
to one definition but others
see that as a suspect. Prospecting
refers to the activity of calling business
decision makers, for example, when a group travels
together to make calls and promote their location,
an effort sometimes referred to as a team
trip.
prospect development:
... activities surrounding a systematic
search for prospects; something area
and local development representatives are typically
expected to do as they carry out their responsibilities
for marketingsee
the .network file
on economic development marketing.
prospect information:
... that which is requested or wanted by an enterprise
developer or site
selector, especially location
data in the latter case. The ability to find location
data suppliers can be useful.
prospect services:
... that which is available for or is provided
to a prospect. For example, local
development representatives should be positioned
to provide prospect information when
called upon to do so but their services may go beyond that.
Savvy
business
decision makers may need to know about the ones
who can help cut red
tape or otherwise facilitate enterprise
development.
public-private partnership:
... a venture entered into jointly by a government
and non-government entity, generally as a means for organizing
the financing and/or management structure for public use
or the public good.
public-sector financing:
... obtaining and/or using government controlled
funds which are made available as incentives to entice
private sector participation in financing projects. Lessons from the Field (Northeast-Midwest
Institute) has is a source of information about public-sector
financing programs. See the definition
of public-private
partnership and the list
of various programs that
US members of the .network target
user group have asked about over the years.
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